Daily Archives: May 22, 2012
Norway: Captain Praises Ulstein-built ‘Blue Fighter’ Supply Vessel
In recent years, Inge Gjelsten has been Captain on board several newbuilds: “’Blue Fighter’ is the best of them by far,” he states. He is soon to retire, and concludes: “If I were a newly-educated captain planning for a career on a supply vessel in the North Sea, a vessel of this type would be my preferred choice.”
The medium-sized platform supply vessel ‘Blue Fighter’ of PX121 design from ULSTEIN was ordered based on trends in the North Sea market. After only days of operation in the spot market, ‘Blue Fighter’ entered a one-year contract, with an option for an additional year, with the American oil company Apache for work in the North Sea.
Remøy Shipping has technical and commercial management of the vessel and feedback on her seakeeping abilities is invariably positive.
Captain Gjelsten continues:
“All on board agree that this is a remarkably efficient and comfortable vessel in all weather conditions. Wind and seas have little impact on the vessel’s performance compared to conventional PSV s. We can compare performance directly when steaming on the same tracks to the oil fields: With the same weather conditions and 3-5 metres head sea within 30 degrees of the bow, our ship can easily and comfortably maintain a speed of 12-13 knots, while the other vessels have to reduce their speed to 7-8 knots. The higher speed is a result of the ‘X-BOW® effect’. Also, due to the position of the stabilisation tanks on board, ‘Blue Fighter’ operates extremely well when wind and seas approach from the side.”
Ulstein Verft delivered the vessel to Blue Ship Invest in January this year.
Related articles
- Norway: Ulstein Launches Blue Prosper PSV (mb50.wordpress.com)
- Norway: ULSTEIN – The Most Attractive Community (worldmaritimenews.com)
- Norway: Launching of Platform Supply Vessel Construction for Blue Ship Invest (worldmaritimenews.com)
- Norway: Eidesvik Sells 50 pct of Newbuild Subsea Vessel (mb50.wordpress.com)
- Ulstain Delivers New PSV ‘CBO Pacifico’ to Brazil (worldmaritimenews.com)
- UK: BP Places Order for 4 Platform Supply Vessels (mb50.wordpress.com)
UK: Cove Encourages Shareholders to Accept Shell’s Takeover Bid
Cove Energy, a UK oil and gas company with primary assets in East Africa, yesterday urged its shareholders to accept the $1.8 billion takeover bid from Shell before May 23, the first closing date for the offer from Shell.
The board of Cove, having already endorsed the offer, has said it continues to believe that it is in the best interests of Cove shareholders to accept the offer.
Despite also receiving a similar offer from Thailand’s PTTEP, and the rumors that a consortium from India is preparing a $2 billion offer, the board of Cove has said that, to date, Shell Bidco is the only firm bidder and has strongly recommended its shareholders to accept the offer as soon as possible.
To support the recommendation, the board has highlighted the fact that Shell has already secured the consent of the Government of Mozambique to the indirect acquisition of Cove’s interest in Rovuma Offshore Area 1 which would arise on the takeover of the company.
An 8.5% interest in Mozambique Rovuma Offshore Area 1 is Cove Energy’s primary asset. Anadarko, the operator of the area, last week announced it had made another major discovery in the field. The discovery well, named Golfinho, encountered more than 193 net feet (59 net meters) of natural gas pay. The well was drilled using the Belford Dolphin drillship.
Related articles
- Anadarko: Another Major Discovery Offshore Mozambique (mb50.wordpress.com)
- Shell banks on expertise to win US$1.8B battle for Cove (business.financialpost.com)
Enhanced recovery through subsea compression at Gullfaks
Statoil and partner Petoro have agreed to apply subsea gas compression on the Gullfaks South field. This technological leap forward represents an important milestone in the efforts to improve recovery from this and other gas fields.
This technology adds 22 million barrels of oil equivalent to the production from the Gullfaks South Brent reservoir. The partners will invest some NOK three billion in the technology project scheduled to be completed in the autumn of 2015.
“Innovation and technology development are essential to improved oil and gas recovery and extended life for the fields on the Norwegian continental shelf. The development of subsea compression and processing is a central part of Statoil’s technology strategy for long-term production growth,” says Statoil’s executive vice president for Technology, Projects and Drilling, Margareth Øvrum.
The Gullfaks project is the second large subsea gas compression project planned by Statoil. In April this year the plan for development and operation for Åsgard subsea compression was approved by the Norwegian Parliament.
Both projects are scheduled to be compled in 2015. Furthermore Statoil is responsible for the technology qualification for Shell for a third not yet decided project, the Ormen Lange pilot. There are good synergies between the different projects.
Subsea gas compression is an important step on the road towards Statoil’s ambition of installing the elements for a ”subsea factory”. Subsea processing is key to getting access to resources in Artic areas and deepwater assets.
Read more: Enhanced recovery through subsea compression at Gullfaks.
Related articles
- Norway: NPD Supports Statoil’s New Rig Concept for Subsea Wells (mb50.wordpress.com)
- Statoil Introduces New “Cat J” Jackup Rig for Norwegian Continental Shelf + [VIDEO] (mb50.wordpress.com)
- Norway: Technip to Install Subsea Compression System on Asgard (mb50.wordpress.com)
- Norway: Statoil, Aker Solutions Enter USD 1.9 bln Cat B Well Intervention Deal (mb50.wordpress.com)
- Successful final commissioning of Expro’s AX-S subsea well intervention innovation (mb50.wordpress.com)
- Norway: EMAS AMC Wins Fram SURF Deal from Statoil (mb50.wordpress.com)
West Callisto Drills for Total Offshore Myanmar
Total recently started drilling operations offshore Myanmar at the Yadana field, using Seadrill’s jack-up rig, West Callisto.
According to the Seadrill’s Fleet Status Report for May, Total has hired the rig on a three-month contract. The contract, expiring in mid-July, will bring approximately $12 million to Seadrill.
Total operates the Yadana field (31.2%). Located on offshore Blocks M5 and M6, this field produces gas that is delivered mainly to PTT (the Thai state-owned company) to be used in Thai power plants.
The Yadana field also supplies the domestic market via a land pipeline and, since June 2010, via a sub-sea pipeline built and operated by Myanmar’s state-owned company MOGE.
Following the completion of drilling operations in Myanmar, the rig will leave south-east Asia in which it has been operating since 2010. West Callisto will move to Middle East to commence drilling operations offshore Saudi Arabia under a three-year contract with Saudi Aramco. The drilling program is scheduled to start in September 2012
Related articles
- Seadrill Secures Contract for Jack-Up Rig West Callisto Offshore Saudi Arabia (worldmaritimenews.com)
- Seadrill Expects Stronger Second Quarter after Robust 1Q 2012 (mb50.wordpress.com)
- South Korea: Seadrill Confirms Samsung Drillships Contracts (mb50.wordpress.com)
- Strong Demand for UDW Drillships Spurs Seadrill to Order One More from SHI (South Korea) (mb50.wordpress.com)
- Seadrill Orders Harsh Environment Rig in South Korea (mb50.wordpress.com)
- Ezion to Provide Service Rig for Operations Offshore Myanmar (mb50.wordpress.com)